Persaud, Avinash, (2016), “Breaking the link between housing cycles, banking crises, and the recession”, Voxeu, 14 Απριλίου
Since the breakup of Bretton Woods in the early 1970s, the housing market has been at the centre of the biggest banking crises across the world. This column considers the nexus between housing, banking, and the economy, and how these ties can be broken. It argues for two modest regulatory changes in banking and insurance. These would result in life insurers and pension funds providing mortgage finance, better insulating the economy and homeowners from the housing cycle.
Σχετικές Αναρτήσεις
- Justiniano, A., Primiceri, G. & Tambalotti, A. (2015) “Credit supply and the housing boom”, VoxEU Organisation, 27 Φεβρουαρίου.
- Homar, Timotej, Wijnbergen, Sweder van, (2015), “On Zombie Banks and Recessions after Systemic Banking Crises”, Centre for Economic Policy Research, Νοέμβριος.